this pair had been bearish for a while last weeks profiting from the strength of usd dollar and the good expectations in America about the economics news. in my opinion the down trend will not go so far before retesting the 1.20 area again so two cinarios are possible:
1/ push down to find the 1.18 area and then reverse from it to retest the 1.20
2/ push up in the ascendant channel to retest the 1.20 then sharply go down
let's see next week if market will give reason or not
1/ push down to find the 1.18 area and then reverse from it to retest the 1.20
2/ push up in the ascendant channel to retest the 1.20 then sharply go down
let's see next week if market will give reason or not
Comment:
1.2090 the mentionned area in chart not 1.20